Managers of Wealth

Gold 'scam' robs SA of billions, says SARS

Gold exports are zero-rated for VAT. Buying gold scrap locally however carries the standard 15% VAT.

Credit Suisse's Ex-Chair Hit With COVID Fine

The Portuguese-British banker did so in spite of authorities having rejected two of his previous requests to be exempted from the restrictions.

HM Treasury Proposes Amendments to the UK Financial Promotion Exemptions

The Treasury Select Committee's report on the failure of London Capital & Finance recommended that the exemptions be rethought to ensure greater consumer protection.

Digital finance: Federal Council sets out areas of action for coming years

The use of new digital technologies is opening the door for new players and leading to new products on financial markets.

Gazprombank Switzerland in the sights of the judiciary

The investigation also extends to other employees of the institute, which employs around 90 people in its Zurich branch, as the Zurich public prosecutor confirmed to the newspaper.

Swiss Courts Seek Compensation Over Credit Suisse Laundering Case

Prosecutors are also targeting a former Credit Suisse for her role in the affair.

Carey Olsen advises on launch of first Guernsey medicinal cannabis and psychedelics fund

Primarily focused on the European market, Leafy Tunnel has started building a portfolio of companies that it hopes will lead, legitimise and form the future of cannabis and psychedelics in the medical industry.

Zurich digital asset manager secures Finma licence

It advises a Liechtenstein AIF fund and two Luxembourg venture capital funds.

Van Lanschot Kempen to provide compensation for charging too much variable interest on revolving consumer credit

Its investigations revealed that, in the case of these clients, variable interest rates failed to correctly move in tandem with applicable market rates.

The HKMA announces a list of eligible banks in Hong Kong for launching the Cross-boundary Wealth Management Connect Pilot Scheme

As set out in the “Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area” (Implementation Arrangements) promulgated by the HKMA on 10 September 2021

The Fifth Hong Kong-Switzerland Financial Dialogue

The Dialogue was chaired by Mr Edmond Lau

The best reputation and privacy lawyers for high-net-worth individuals in 2022

The list features our Top Ten, Top Recommended and Recommended reputation and privacy lawyers

Ex-UBS Banker Charged in U.S. Fraud Scheme

The 56-year-old spent approximately $4.6 million of the stolen money on several women with whom he was romantically linked, the Securities and Exchange Commission alleged in its lawsuit against him.

Swiss Federal Council requires banks to hold additional capital for residential mortgages

From 30 September 2022, banks will be required to hold additional capital amounting to 2.5% of their risk-weighted positions that are directly or indirectly backed by residential real estate in Switzerland.

Former UBS investment adviser charged with stealing $5.8m from client

The SEC’s complaint, filed in the U.S. District Court for the Southern District of Florida, charges Nino with violations of the antifraud provisions of the federal securities laws

Inclusive Framework BEPS Agreement – Policy Perspectives

KPMG response to the Inclusive Framework BEPS announcement made on 20 December 2021.

Ex-Raiffeisen CEO Asks for Delay in Criminal Trial

The request follows district court judge Sebastian Aeppli's allotment of four more days to the trial, which is based on a nearly 400-page indictment after years of investigation.

How Can Financial Institutions Achieve Efficient Regulatory Reporting?

When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.

Strip clubs and fraud: the trial of an unconventional Swiss banker

While Raiffeisen is not on trial, the bank’s reputation has been dragged through the mud for authorising lavish foreign trips and strip club outings on company expenses and for failing to spot a series of suspect deals.

Handling cryptocurrencies in Hong Kong divorce proceedings

I suspect my spouse owns cryptocurrency. What does this mean for my divorce?

Legal,Regulation,Tax & Compliance